Saudi banks will cut their bad loan ratio to the lowest since the region's biggest corporate default three years ago as lending grows on the back of government spending, Moody's Investors Service said.
The ratio of non-performing loans at Saudi lenders will drop to about 2.5 percent this year, the lowest since at least 2009, Khalid Howladar, a vice-president at Moody's, said recently. That compares with forecasts of 8.5 percent this year in the United Arab Emirates and 4.2 percent in the US last year, according to Moody's...............................................Full Article: Source